Transcript Slide 1 Kate Cardwell - Birmingham Chamber of Commerce

Doing Business in Australia
Birmingham 17 June 2013
Opportunities in Queensland
Queensland - Overview
• Population
– 4.51 million
• Land
– 1.73 million km2 ( 7 x size of UK )
• GSP
– $A258 billion
• Capital City
– Brisbane (population, 2 million)
• Coastline
– 6,973 kilometres
• Time Zone
– GMT + 10:00
• Currency
– Australian Dollar (AUD)
Why Queensland ?
• Located on Asia-Pacific’s doorstep, businesses in
Queensland are well placed to do business with Asia and the world.
• Queensland is forging ahead with new plans and initiatives to
continue to strengthen the State’s economy.
• The Queensland Government has embarked on a programme of
capital projects to upgrade and build new roads, railroads and
telecommunications networks.
• This, together with the most competitive payroll tax regime in the
country, makes Queensland an ideal place to do business.
Queensland
Government has
identified the priority 4
pillars of the economy
•Resources
•Agriculture
•Tourism
•Construction
A Strong
and Diverse
Economy
11%
Wholesale &
retail trade
10%
Construction
10%
Finance &
Property
Services
19%
Public
Administration
& safety
22%
Other
services
9%
Transport &
communications
3%
Agricul
ture
8%
Manufacturing
8%
Natural
Resources
Queensland Treasury Corporation – 30 June 2012
Queensland economy
Queensland in the Asian century
Middle Class” in Developing Countries
730 million households by 2020, up 104% from 2010
20% of households in these countries are middle class; 36% by 2020
China
India
Brazil
Indonesia
223
223
112
112
12
11
9
Russia
Egypt
Mexico
Thailand
6
5
5
4
Turkey
Vietnam 3
Colombia 3
Philippines 3
2
South Korea
Malyasia 2
Taiwan 1
0
2010 levels
Proj gains by 2020
25
50
75 100 125 150 175 200 225 250 275 300 325 350 375
Householdswith
with real
real PPP
of more
than $20,000
(in millions)
Households
PPPincomes
incomes
greater
than $20,000
(in millions)
Rising demand in high growth markets for:
• energy and raw materials
• protein
• quality goods and services
• education
• leisure / travel
• environmental improvement
Oil and Gas projects
•
Queensland is a significant player in the Oil and Gas industry with
• 3 projects under construction – more in the pipeline
• > $60bn committed (over the three projects under construction)
•
Australia currently has over $200bn worth of LNG projects committed or
under construction, and Queensland accounts for about 30% of the
country’s projects.
•
Queensland is also home to $66.3bn worth of mining projects, of the total
$224.9bn throughout the country.
Source: Access Economics Investment Monitor ; IBIS World, Mining 2012
Queensland LNG Industry
• LNG is set to become Queensland’s second largest export industry behind
coal.
• By 2016, Queensland’s LNG exports are estimated to exceed $17 billion.
• Queensland has 95 per cent of the CSG reserves identified in Australia.
• LNG projects in QLD have potential to generate over 50 Mtpa of exports.
• Potential for 18,000 new jobs to be
created by the CSG/LNG sector.
• Port of Gladstone will become one of
the world’s major LNG exporters.
Current QLD CSG – LNG Projects
Project
BG Group 100%
Project Details
LNG
Production
Extract and pipe gas from Surat Basin to a new LNG
plant on Curtis Island (Gladstone)
• Gas field production wells
• 540km pipeline from production wells to LNG plant
• Marine stretch of pipeline to be co-located in a seabed
trench with APLNG pipeline
• Using own LNG tankers for delivery
• Initial production
8.5 mtpa (2 trains)
• Full capacity
potential 12 mtpa (3
trains)
Est. Capex
(as at 2011)
US$
Offtake
customers
• $20.4 billion
• First LNG
delivery expected
end 2014
• Quintero LNG,
Chile
• EMA, Singapore
• CNOOC, China
• Tokyo Gas
Origin 37.5%
ConocoPhillips
37.5%
Sinopec 25%
To extract and pipe gas from Surat & Bowen Basins to a
new LNG plant on Curtis Island (Gladstone)
• Gas field production wells (managed by Origin)
• 530km pipeline from production wells to LNG plant
• Marine stretch of pipeline to be co-located in a seabed
trench with QCLNG pipeline
• Initial production
8.6 mtpa (2 trains)
Capacity at 9mtpa
• Full capacity
Potential 18 mtpa (4
trains)
• $23 billion*
• First LNG
delivery expected
in 2015
• Sinopec
• Kansai Electric
Power
GLNG
Santos 30%
Petronas 27.5%
Total 27.5%
Kogas 15%
To extract and pipe gas from Surat & Bowen Basins to a
new LNG plant on Curtis Island (Gladstone)
• Gas field production wells (managed by Santos)
• 420 km pipeline from production wells to LNG Plant
• Marine section of pipe will be HDD under sea bed
• Initial production
• 7.8mtpa (2 trains)
• Full capacity
potential 10 mtpa (3
trains)
• $18.5 billion*
• First LNG
delivery expected
in 2015
• Petronas
• Total
• KOGAS
Arrow LNG
Shell
PetroChina
To extract and pipe gas from Surat & Bowen Basins to a
new LNG plant on Curtis Island (Gladstone)
• Gas field production wells
• 467km pipeline from Surat Basin wells and 530km
pipeline from Bowen Basin wells to LNG plant
• Marine section of pipeline will include a tunnel
encasing the pipe
• FID expected 2013
•Initial production
9 mtpa (2 trains)
Unconfirmed
• Shell
• PetroChina
• Environmental Approvals – April 2009
•Currently seeking gas supply
• 2 trains – 3 mtpa
Fishermans
Landing
LNG
LNG Limited
Sources: Project websites and media releases
• Full capacity
Potential 16 mtpa (4
trains)
$1.2 billion
*Estimations only and subject to change
---PROPOSED---
APLNG
--UNDER CONSTRUCTION--
QCLNG
Partners
Strong Industry Sub-sectors
LNG Supply Chain Opportunities
• Manufacturing
• Some project procurement policies include local content provisions
• Operational maintenance
• Training
• R&D – collaboration
with QUT and UQ
• Drilling
• Upstream/gas gathering
• Midstream
• Downstream
Queensland Coal
•
Largest seaborne exporter of coal in the
world (~20% of total seaborne trade)
•
47% of Australian exports
•
15% of internationally traded coal
•
43% of internationally traded coking coal
Queensland Infrastructure and Construction
Rail and Port
• Registrations of Interest, for the first stage of the potential development of
new export coal terminal capacity at the Port of Abbot Point, closed on 20
February 2013.
•
In March 2013 Aurizon Ltd announced an agreement with GVK to jointly
develop the Galilee rail and port infrastructure. Aurizon is to acquire a 51
per cent interest in Hancock Coal Infrastructure Pty Ltd which owns
GVK’s Galilee rail and Abbot Point coal terminal projects, and will provide
rail haulage from GVK
Road
• The huge task of reconstructing Queensland’s road network is well
underway. The Department of Transport and Main Roads and the
construction industry are working hard to fix damaged roads and
transport infrastructure. The road and transport infrastructure repairs are
estimated to cost $1.1 billion, and this work is being released to market.
New Coal Transport Projects to 2020
Ports / Terminals
• Currently – 4 coal ports; 6 export coal terminals.
• Planned – 8 new coal terminals & 2 expansions.
• Capex – $17.6 billion.
Railways
• Currently – 4 coal rail systems (2,800km)
• Planned – 6 new railways (adding 1,860 km).
• Capex – $17.7 billion.
Total Port and Rail Capex to 2020: over $35 billion.
• 2000-10 – 65% Government Funded.
• 2011-20 – 95% Private Funded.
Aviation, Aerospace & Defence
Advanced Manufacturing
•
A leading Aviation, Aerospace & Defence hub in Asia Pacific,
with a range of opportunities
•
Queensland is the second-largest state for defence employment, home
to a quarter of Australian Defence Force (ADF) military personnel and
a 26 per cent share of national defence industry activity.
•
Government has launched new Defence Industries Queensland unit
and appointed a defence envoy to grow the local defence sector and
attract more investment to Queensland. The unit will be a focal point
for development of the sector in the state with a long-term commitment
to advancing Queensland’s defence industries
•
Design, manufacture, MRO, component manufacture and assembly,
avionics, training, professional services, R&D, UAVs, Scramjet
technology, advanced composites, rotary wing, general aviation
Opportunities – Food and Agribusiness
•
The Queensland Government is committed to the growth of existing
traditional sectors such as sugar, beef and grain production, as well as new
emerging sectors within the food industry.
•
Meat processing
as the largest beef-producing state in Australia, Queensland has
sophisticated industry-related infrastructure and support services in place.
The Queensland Government has committed $32m into the beef industry to
fund new and improved bio-security and a network of world-class beef
research facilities.
•
Functional foods
Queensland’s biodiversity, wide range of climates, and variety of horticultural
types, supports the production of a wide range of food. The State’s reputation
for delivering clean, safe and high quality food products combined with an
increasing global demand for health-conscious products presents a unique
opportunity for companies interested in functional foods.
Queensland’s Biotech and Health sectors
•
Queensland Government committed to the development of the life
sciences industry (including therapeutic medicines and devices)
•
Excellent R + D climate with A$ 3.8 bn spent on science infrastructure in
the last decade.
•
66 biotech-related research institutes employing approx 6,170
researchers generating revenue of more than A$1 billion per annum
•
More than 20 drugs are in clinical trials.
•
Global successes: Gardasil, Vaxxas, Coridon, Peplin
•
Opportunities in complementary medicines and nutriceuticals
Commonwealth Games
Queensland’s Gold Coast will host in 2018, following Glasgow in 2014
Queensland Tourism
•
One of the world's most naturally diverse destinations, with Great Barrier
Reef, Daintree Rainforest, Gold Coast and Sunshine Coast
•
Tourism is Queensland's second largest export earner, generating
$3.8 billion in the year ended March 2012.
•
4 international airports - Brisbane, Cairns, the Gold Coast and Townsville.
Direct flights servicing 30 international destinations. 10 domestic and
regional airports.
•
International airline seat capacity increase of almost 50% into Queensland
over the past 3 years. Expanded aviation access from key markets in
Japan, Korea and the United Arab Emirates, while encouraging non-stop
services from China and increasing services with the United States and
Europe.
Queensland - Come and see the opportunities
Accessing Opportunities
For further information on opportunities…
Queensland Government:
•Trade & Investment Queensland - www.export.qld.gov.au
•Department of State Development, Infrastructure and Planning www.dsdip.qld.gov.au
•Projects Queensland - http://www.treasury.qld.gov.au/projects-queensland/
•Department of Transport & Main Roads - www.tmr.qld.gov.au
•Department of Natural Resources and Mines - www.dnrm.qld.gov.au
•Queensland Treasury and Trade - www.treasury.qld.gov.au
•Department of Tourism, Major Events, Small Business and the Commonwealth
Games – www.dtesb.qld.gov.au
Accessing Opportunities continued…
Resources:
•Bureau of Resources and Energy Economics - www.bree.gov.au/
•ICN Project Gateway
• http://energy.icn.org.au/
• http://rail.icn.org.au/
• http://mining.icn.org.au/
CSG to LNG:
•QCG - http://www.qgc.com.au/becoming-a-supplier.aspx
•GLNG - http://www.glng.com.au/Content.aspx?p=130
•APLNG -http://www.aplng.com.au/working-us/suppliers-and-contractors
•Arrow Energy - http://www.arrowenergy.com.au/page/Contact_Us/Suppliers/
•Fishermans Landing LNG http://www.lnglimited.com.au/irm/content/project_australia.html
•Bechtel - https://supplier.bechtel.com/
•Queensland Government - www.business.qld.gov.au/industry/csg-lngindustry/business-opportunities-csg-lng-industry
Contact us
Ken Smith
Trade & Investment Commissioner - Europe
T: +44 (0)207 4208 761
E: ken.smith@trade,qld.gov.au
John Williams
Business Development Director - Europe
T: +44 (0)207 4208 776
E: [email protected]
Disclaimer
All figures are quoted in Australian Dollars, unless otherwise specified. This publication has been prepared by the State of Queensland as an information only source. The State of Queensland makes
no statements, representations or warranties about the accuracy or completeness of, and you and all other persons should not rely on, any information contained in this publication. Any reference to
any specific organisation, product or service does not constitute or imply its endorsement or recommendation by the State of Queensland. The State of Queensland disclaims all responsibility and all
liability (including without limitation, liability in negligence) for all expenses, losses, damages and costs you might incur as a result of the information being inaccurate or incomplete in any way, and for
any reason.